| 2010 Marks the Third America's Cup Season for
BMW ORACLE Racing and NetSuite
The technology behind BMW Oracle Racing's 90-foot trimaran. |
For the third straight America's Cup competition season and the eighth year running, NetSuite provided a complete, integrated business solution to BMW Oracle Racing in its quest to bring the 33rd America's Cup trophy back home after a 15-year absence. BMW Oracle Racing uses NetSuite for accounting, expense and payables management, international tax compliance, reporting, employee records and multi-currency management.
Sailing on the groundbreaking USA trimaran, BMW Oracle Racing and the Golden Gate Yacht Club challenged Alinghi and Soci�t� Nautique de Gen�ve for the 33rd America's Cup in Valencia, Spain, which ended on February 14, 2010.
NetSuite Cloud Computing Suites Power Key Business Processes for Racing Investors
NetSuite provides BMW Oracle Racing with a powerful web-based system to manage all financial and business operations smoothly around the clock across three continents—from Anacortes, Washington; where the hulls are built, to Valencia, Spain; where most of the team is headquartered; to Auckland, New Zealand, where the company maintains an office. With NetSuite, BMW Oracle Racing can:
- Manage its international financial operations—including financial management, reporting, payables, taxes, account management and team expenses
- Get anytime, anywhere access to real-time business information and detailed financial reporting
- Meet tax statutory requirements in three countries
- Handle multi-currency transactions in the New Zealand dollar, the U.S. dollar and the Euro—without the need for expensive servers or dedicated IT staff.
Oracle Racing quote!
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